Parkville budget process shows vanishing surplus

Parksville council held their first public budget meeting of the year

Parksville council held their first public budget meeting of the year, looking at the big picture and a provisional five year plan that would see infrastructure projects lead to a deficit in 2017.

“The good news is we’re in very good shape,” said mayor Chris Burger. Council froze 40 per cent of the budget areas last year and assumed the other areas would have to go up, but he said “staff managed to hold the line across the board” and the first draft of the budget includes almost no increase.

Despite that the initial draft includes the three percent residential property tax increase and four percent commercial, laid out in the 2011-15 financial plan, with money going into the accumulated surplus fund toward scheduled infrastructure work.

Burger pointed out that due to inflation, freezing a budget is the same as a slight decrease, putting extra pressure on already stretched staff and services.

In the draft proposed by the financial department — including three percent tax increases each year — scheduled projects would deplete the city’s $3 million surplus by 2017 requiring considerable further tax increases, borrowing and/or deferring projects.

He said that while they always try to underestimate revenue and overestimate expenses, and they still hope for infrastructure grants, council is going to have to start making tough decisions about future priorities.

He added that the general fund projects are closely related to discussions around a new Englishman River water intake and provincially required treatment facility, which will come out of a separate water service fund.

The city’s 2011-2015 financial plan is available on the website at www.parksville.ca, under the Financial Reports tab on the right.

This was the first of a series of public budget meetings, more will be scheduled in the near future and posted to the website as needed.

 

Just Posted

Parksville reopens portion of wetland

City undertakes review, remediation of liability concerns

Is Steve Nash Vancouver Island’s best athlete of all-time?

As Captain Canada gets ready to enter basketball’s Hall of Fame it’s time to debate his legacy

Who is Vancouver Island’s greatest athlete ever?

We want to know, you get to choose in a 64-athlete tournament bracket

Vehicle knocks out Parksville power pole

Traffic single lane heading southbound

Qualicum Beach man arrested after women report disturbing phone calls

Suspect threatened to kill victim’s family if she did not engage in sexually explicit conversation

VIDEO: Grand Forks shores up defences as floodwaters rise to peak levels

Canadian Forces, volunteers working to protect low-lying areas

Chilliwack Chiefs moving on to RBC Cup final after thrilling win over Ottawa

Kaden Pickering scored the winning goal in the 3rd period as Chilliwack won their semi-final 3-2.

VIDEO: As floodwaters recede, crews assess the damage to Grand Forks’ downtown

More than four dozen firefighters and building inspectors came out to help

Wellington Dukes pull off epic upset of Wenatchee at RBC Cup

The Dukes are off to the championship game after downing the Wild 2-1 Saturday at Prospera Centre.

Canada to face U.S. for bronze at world hockey championship

Canada was looking to play in the gold medal game for a fourth straight year, but saw 3-2 loss

Searchers for Vancouver Island father turn focus to Cowichan River

Cowichan SAR joined by many other SAR groups, volunteers now determined to find missing man

Vacationers urged to check for stowaway bats that could carry deadly disease

‘White-nose syndrome’ has killed millions of bats in North America, but hasn’t arrived in B.C. yet

Highway 19A closed in both directions near Union Bay

An incident involving a vehicle has shut down Highway 19A in both directions early Saturday morning.

Are B.C.’s gas prices enough to keep you from travelling May long weekend?

Gas prices in B.C. ranging from 125 cents per litre to more than 150 cents

Most Read